Regulatory Alerts2003-12-24
Added · Updated
COBAC Regulation R-2003/05 Amending COBAC Regulation R-98/03 on the Accounting and Provisioning of Doubtful Claims and Signed Commitments
The Central African Banking Commission (COBAC) amends its regulatory framework by inserting a clarifying paragraph into Article 8 of Regulation R-2001/03 to specify that accounting entries for doubtful claims and signed commitments reflect an accounting classification without creating legal novation. This amendment ensures consistent application of the R-98/03 accounting and provisioning rules across credit institutions. The Secretary General is tasked with implementation, and the regulation enters into force immediately upon its signature on 14 November 2003.
More like this from BEAC
We email you every new BEAC publication the day it's published.
Topics
Share